Starting the year with finances up to date is a perfectly possible task, as long as a few simple steps are followed with discipline and good organization. For example:

Forgetting to pay credit card bills , a portion of the installment or having a bad check in the hands of a third party are common situations that tend to negate the consumer’s name. Therefore, it is worth checking the Credit Protection Services if there are any restrictions on your name. If there is any, try to negotiate directly with the creditor, avoiding negotiation with intermediaries as much as possible, as they charge fees on the value of the debt, greatly increasing costs. When splitting the debt, do it taking into account the real earnings prospects, accepting installments that you can actually pay.

Keep track of how much you earn and how much you spend

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Put everything on paper, creating a simple table of earnings and expenses. There are fixed costs for food, rent and education, for example, which tend to consume most of the income. With the rest, plan purchases, tours and superfluous expenses, always remembering to reserve some amount for savings and unforeseen expenses.

Rearrange finances

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If spending is greater than earnings, it is necessary to reorganize priorities and cut expenses with unnecessary purchases, especially on credit cards . If the budget still remains tight, the option is to seek sources of extra income and ask for help from all family members with the household bills.

Avoid high debts

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An unforeseen expense or a simple momentary desire for consumption can lead to overdraft or the inability to pay the credit card bill. In these two cases, high interest rates can cause the debt to become unpayable in a short time. If possible, exchange the debt with higher interest rates for a less expensive one, such as asking for a payroll loan, for example, to pay the overdraft. This prevents the name from being included in credit protection agencies.

Think about the future

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Plan your future and make savings, which should be seen as an emergency reserve and not to be used whenever you feel like buying something new. Ideally, the amount saved will cover expenses for at least 6 months, in case of unforeseen circumstances.

Another important tip is to reserve about 10% of the family income for investments , such as: own house, vehicle change, retirement, courses and travel. Create your goal and pursue this path with the certainty that you are preparing for a better and more peaceful future.